Quick update on Bitcoin. We have a falling wedge. Technically it's bullish but currently, the upper trendline is acting as resistance.
With that said, we might lower targets with a dump and run scenario with a target of 37.5k. If this level doesn't hold. We will officially be in a bear market as what we had will be considered as the complacency phase of the psychology of market cycle. Let's hope that this is not the end.
It wont comeback to 37k, people always want to buy in dips, but the truth, it will pump
aloo2k
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@euphoricSnail85980, thanks for your feedback. So there are two scenarios, either BITCOIN forms a W pattern by today and pumps like you said. Or we will have the scenario in which I drafted. In either case, good luck with your trading :)
Xiu-YoZ
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@aloo2k yeah, coming back later (whether pump or dump) trade safely